United Kingdom: Queen’s Speech 2017

The Queen’s Speech for 2017, delivered before Parliament on June 21, outlined 27 bills that will make up the government’s agenda for the next two years, including eight bills devoted solely to Brexit. A proposed “Customs Bill,” which would seek to ensure that the UK has a standalone customs regime upon leaving the European Union, is of particular interest for indirect tax, as it is likely to contain provisions allowing the UK to set its own VAT and excise rates after Brexit.